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CHAP. 478.
One
corporation.
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SEC. 2. And be it further enacted, That upon making and
perfecting the agreement, an Act of consolidation in the
manner herein provided, and filing a copy thereof with the
Secretary of State as aforesaid, the said companies, parties
thereto, shall be deemed and taken to be one corporation by
the name provided in said agreement, an act of consolidation
possessing within this State all the rights, powers, franchises,
exemptions, privileges and immunities, and subject to all the
restrictions, disabilities, contracts, duties and obligations of
each of said companies so consolidated; provided, however,
that all the rights and privileges by this Act granted are
granted on the condition that the tiling in the office of the
Secretary of the State of the agreement for consolidation, as
set forth in the first section of this Act, shall operate as a
surrender by the Philadelphia, Wilmington and Baltimore
Railroad Company of all claims for exemption from taxation
or from the repeal or modification of its charter, and as an
agreement on its part to hold its charter subject to the pro-
visions of the Constitution of Maryland; and provided
further, that all rights of every kind and description, which
the Western Maryland Railroad Company now has in con-
nection with the tunnel of the Baltimore and Potomac Rail-
road Company, or any other portion of the railroad of said
company, either under the Act of Assembly of the State of
Maryland, any ordinance or ordinances of the Mayor and City
Council of Baltimore, or any contract to which the Western
Maryland Railroad Company and said Baltimore and Potomac
Railroad Company are parties; and all rights of every kind
and description which said Western Maryland Company has
under any existing contract to which it and the said Baltimore
and Potomac Railroad Company are parties, the said Western
Maryland Railroad Company shall still have after the con-
summation of the consolidation hereby authorized, as fully as
if the said consolidation had not taken place, which consoli-
dation shall in no way diminish or impair the said right.
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Rights and
privileges
transferred
to and
Tested in new
corporation.
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SEC. 3. And be it further enacted, That upon the con-
summation of said Act of consolidation as aforesaid, all and
singular, the rights, privileges and franchises of each of said
two companies parties thereto, and all the property, real, per-
sonal and mixed, and all debts due on whatever account,
including stock subscriptions and other things in action,
belonging to each of said companies, shall be taken and
deemed to be transferred to, and vested in, such new corpora-
tion without further act or deed; and all property, all rights
of way, and all and every other interest, shall be as effectually
the property of the new corporation as they were of the for-
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